3 Bed 3 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
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SoldMLS# 225011993

$1,200,000

3 Bed 3 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL

1438 SW 54th Terrace, Cape Coral, FL, 33914

3 beds3 baths2,484 sqft2 garage
GatedBoatingWaterfront

About this home

Prime location in a boater’s paradise! Fully renovated with no expense spared makes this breathtaking home move in ready. Boating enthusiast will appreciate the 3-year-old 13,000 lb walk-around boat lift with canopy and deep water direct gulf access canal just a few short blocks from the river. Shows Comparable to newer homes with high ceilings, a dream kitchen with oversized island, exotic stone countertops, coffee bar, and high-end built-in appliances, including a built-in refrigerator, double oven, and ice machine. The spacious family room features a keystone wall with a linear fireplace and sliding glass doors overlooking the canal and pool. Additionally, there are 9’ solid core doors and plantation shutters. The primary suite features an elegant bathroom with dual vanities, a separate whirlpool tub, and a shower. Enjoy the Florida sunshine from the sunny southern exposure pool with a new screened enclosure. Pet lovers will appreciate the convenient fenced dog run and for the boaters, there is an air-conditioned storage room/workshop ideal for storing boat supplies and fishing gear. Electric roll shutters throughout provide easy storm protection and no water intrusion from Ian. Walking distance to Cape Harbour‘s restaurants and nightlife plus abundant dining choices within golf cart distance.

Property details

Type
SingleFamilyResidence
Year built
1994
Interior
2,484 sqft
Lot size
9,975.24 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
240
Total association fees
None
CDD
None
Est. taxes (1.4%)
$16,800/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
South
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
Yes
Spa
Yes
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Yes
County
Lee

Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.

Above marketThis home is priced above comparable recent sales.
This home
$483/sqft
Comp median
$439/sqft
Difference
+10%

Based on the $/sqft of 10 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Your notes on this home

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Recently sold nearby

Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1442 SW 54th TerraceJan 2026$1,090,0004/32,563$425
1524 SW 56th TerraceApr 2026$1,500,0003/32,482$604
1221 SW 53rd TerraceDec 2025$950,0003/32,323$409
5201 Chiquita BoulevardFeb 2026$1,100,0004/32,458$448
5219 SW 11th PlaceJun 2026$960,0004/32,530$379
5513 Merlyn LaneDec 2025$1,150,0003/32,535$454
Average6 comps$1,125,000$453

Market trends — Cape Coral

Median list
$399,999
Median $/sqft
$234
Median sold (90d)
$384,900
Avg days on market
93
Active listings
2,525
Median sold price · Cape Coral
$382,000last 3 months7% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 314 sales

Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.

Live area medians from the MLS · see all listings. Indicative, not an appraisal.

Price & status history

Down $225,000 (17.6%) from the original list price.

Oct 30, 2025Sold$1,050,000
Apr 7, 2025Price reducedfrom $1,275,000$1,200,000
Feb 10, 2025Listed$1,275,000

The good, the trade-offs & the location

Pros
  • Private pool
  • Waterfront
  • 2-car garage
Consider
  • Built 1994 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
6.8 mi
Cape Coral Hospital
Beach
7.5 mi
Fort Myers Beach
Airport
9.1 mi
Page Field (Fort Myers)
Shopping
8 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities — approximate; actual drive times vary.

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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.